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The U.S. trade deficit widened in August for the second straight month as imports accelerated to an all-time high, new government data show.
America’s international goods and services imbalance was $105.6 billion, from a revised $9.28 billion in July, according to Bureau of Economic Analysis data released on Oct. 6.
This marked the largest gap since March 2025, just before President Donald Trump imposed his sweeping reciprocal tariffs on U.S. trading partners.
Economists had forecast a trade shortfall of $102 billion.
Year-to-date, the goods and services deficit fell $138.2 billion, or nearly 20 percent, from the same span a year ago.
August’s trade shortfall was driven by a more than $17 billion, or 4.3 percent, increase in imports, which reached a record $420.8 billion….
America’s international goods and services imbalance was $105.6 billion, from a revised $9.28 billion in July, according to Bureau of Economic Analysis data released on Oct. 6.
This marked the largest gap since March 2025, just before President Donald Trump imposed his sweeping reciprocal tariffs on U.S. trading partners.
Economists had forecast a trade shortfall of $102 billion.
Year-to-date, the goods and services deficit fell $138.2 billion, or nearly 20 percent, from the same span a year ago.
August’s trade shortfall was driven by a more than $17 billion, or 4.3 percent, increase in imports, which reached a record $420.8 billion….
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